Old Dominion Freight Q1 Profit Rises, Results Beat View - Quick Facts

(RTTNews) - Old Dominion Freight Line Inc. (ODFL) reported a 9.1 percent increase in profit for the first quarter from last year on higher revenues. The results for the quarter beat analysts' estimates.

The company's first-quarter net income was $65.79 million or $0.80 per share, up from $60.29 million or $0.72 per share in the prior-year quarter.

On average, fourteen analysts polled by Thomson Reuters expected the company to earn $0.79 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter grew 6.6 percent to $754.10 million from $707.73 million in the year-ago period. Analysts had a consensus revenue estimate of $752.28 million.